February 22, 2009 – 11:04 am
Reuters - Federal Reserve Chairman Ben Bernanke this week will offer assurance that help is on the way for the troubled U.S. economy and may offer clues on additional steps that could be taken to halt an ever-steepening dive.
February 22, 2009 – 9:54 am
Reuters - Bears could have the upper hand again this week if Wall Street fails to get assurance that major banks can be rescued without being seized by the U.S. government.
February 22, 2009 – 8:42 am
Reuters - Pressure mounted on Sunday on the chairman of UBS to step down after the Swiss bank was engulfed in a storm of criticism over its handling of a U.S. probe into tax fraud.
February 21, 2009 – 6:51 pm
Reuters - Financial regulators will soon launch a series of “stress tests” to determine which of the largest U.S. banks should get bigger capital cushions in case of a deeper recession, a person familiar with Obama administration plans said on Saturday.
February 21, 2009 – 6:01 pm
Reuters - Yahoo Inc Chief Executive Carol Bartz could announce a major management reorganization as early as next week, according to the blog AllThingsD.
February 21, 2009 – 2:19 am
Reuters - The White House said on Friday it strongly believed in a privately held bank system, after rumors that the U.S. government could nationalize banks caused shares in Bank of America and Citigroup plummet.
February 21, 2009 – 12:32 am
Reuters - Regulators seized Texas billionaire Allen Stanford’s banks and companies in Antigua and Barbuda, the Caribbean state at the center of fraud charges against him, as the financier surrendered his passport to U.S. authorities.
February 20, 2009 – 7:58 pm
Reuters - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
February 20, 2009 – 7:23 pm
Reuters - Bank of America Corp shares sank below $3 and Citigroup Inc tumbled below $2 on Friday, hammered by growing fears that the U.S. government could nationalize the banks, wiping out shareholders.
February 20, 2009 – 6:49 pm
Reuters - Bears could have the upper hand again next week if Wall Street fails to get assurance that major banks can be rescued without being seized by the U.S. government.
